$AAOI Bull Flag?

5 thg 1

I have been keeping an eye on AAOI and wanted to get in a couple of weeks ago but did not want to chase it.
It has now pulled back and the last couple of days have been explosive. I took a one-third sized position yesterday (1/4/24) and added two times today to bring up to a full position.

The proper or traditional entry is yet to come as it breaks above the upper downtrend line of the Bull Flag. I like to get in as early as possible so that is why I took a small position yesterday as it looked to be confirming a reversal. Today is strong so I brought it up to full size. I may look to add even more on the next consolidation level. All TBD.

I have two stops. On todays add-ons it is just below today’s low. On the original buy it is below the Jan 3rd low.

Ideas, not investing / trading advice.

8 thg 1

Ghi chú

To be clear this was brought up to a full position on Fri. Jan 5th. (The notation arrow was not positioned well.)

8 thg 1

Ghi chú

I did not like this breakdown near end of day so I have closed this position for just over a 5% gain. Back on watch list.